Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 11.: PART 11. CORPORATION TAX LAW/Ch. 7.: CHAPTER 7. Net Income/Art. 1.: ARTICLE 1. Deductions/§ 24360.
California Statutes

§ 24360. — 24360. (Amended by Stats. 2000, Ch. 862, Sec. 147.)

California § 24360.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 11.PART 11. CORPORATION TAX LAW
Ch. 7.CHAPTER 7. Net Income
Art. 1.ARTICLE 1. Deductions

This text of California § 24360. (24360. (Amended by Stats. 2000, Ch. 862, Sec. 147.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Revenue and Taxation Code - RTC Code § 24360. (2026).

Text

In the case of any bond, as defined in Section 24363, the following rules shall apply to the amortizable bond premium (determined under Section 24361 on the bond):

(a)In the case of a bond, the amount of the amortizable bond premium for the taxable year shall be allowed as a deduction.
(b)In the case of any bond the interest on which is excludable from gross income under Chapter 3 (commencing with Section 23501), no deduction shall be allowed for the amortizable bond premium for the taxable year.

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Legislative History

Amended by Stats. 2000, Ch. 862, Sec. 147. Effective January 1, 2001.
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California § 24360., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24360..